Reverse mortgages (sometimes referred to as “home equity conversion loans”) give older homeowners the ability to benefit from their home equity without having to sell their home. Deciding how you’d prefer to be paid: by a monthly payment, a line of credit, or a one-time payment, you may receive a loan based on your home equity. Repayment is not required until the time the homeowner sells the home, moves (such as to a retirement community) or passes away. You or your estate representative is required to repay the reverse mortgage amount, interest , and finance charges when your house is sold, or you are no longer living in it.

Who is Eligible?

Generally, reverse mortgages require you to be at least 62 years of age, have a low or zero balance in a mortgage and use the house as your main residence.

Many homeowners who live on a fixed income and find themselves needing additional money find reverse mortgages helpful for their circumstance. Interest rates can be fixed or adjustable and the money is nontaxable and doesn’t interfere with Medicare or Social Security benefits. The lending institution isn’t able to take away your house if you outlive your loan nor may you be forced to sell your residence to pay off the loan even if the loan balance grows to exceed property value. Call me at (714) 349-8890 to look into your reverse mortgage options.

Home Equity Lines of Credit (HELOC)

Do you have a Home Equity Line of Credit (HELOC) for emergencies?

Many homeowners are making the proactive choice to secure a Home Equity Line of Credit (HELOC) for emergencies. A HELOC is a revolving line of credit that only charges interest when you actually draw money from the line of credit. As you repay the balance of the draw, the credit becomes available again. Securing a HELOC in advance can be a great help if you’re ever laid off or have an unexpected medical or other emergency.

New Home Purchase

I can help

It can be a big undertaking to buy a new home or refinance your current mortgage.

Let me locate the loan program that’s perfect for you.

I have a team of professionals to help you with this major financial decision. For guidance in finding the perfect loan program for your situation, feel free to contact me at (714) 349-8890.

While it’s true that purchasing a new home may seem frustrating, it can also bring a great feeling of accomplishment. You didn’t find a home that was best for anyone else — you found the home that was right for you! You can meet our professionals to find the mortgage loan that best fits your life too. Getting the perfect mortgage loan can be as satisfying as receiving the keys to your new home! I can show you how to get there. Contact me at (714) 349-8890.

Refinancing

Give your mortgage an annual once over

If the last time you looked at your mortgage was when you closed on your loan, it’s time to take it out for an annual once over. New loan programs and opportunities to leverage your home equity can bring you lower mortgage payments and new investment opportunities.

There are an enormous number of refinancing options available to borrowers. Call us at (714) 349-8890 and we will work with you to qualify you for the best refinance loan to fit your financial situation. surveying your choices, you can list your goals for your refinance.

Refinancing your current loan

If you dread all the paperwork that you think comes with refinancing, I’ve got great news! Let me show you a frustration-free process from application to closing with our “Less paperwork and more personal service” promise. If you want to improve your interest rate and monthly payment, I can simplify the process for you and eliminate your stress. I can also help you pay down your balance more quickly for a comparable monthly payment. Let my mortgage experts guide you to the ideal refinance loan! I am eager to show you how: (714) 349-8890.

Making Your Payments Lower

Are your refinance goals to lower your rate and consequently your mortgage payments? Then a low, fixed rate loan may be your best option. An ARM (Adjustable Rate Mortgage) or a fixed mortgage with a high rate are loan programs that you might want to refinance. Different that the ARM, your low fixed-rate mortgage stays at a certain low rate for the life of your loan, even if interest rates rise. If you aren’t expecting to sell your home in the near future (about 5 years), a fixed-rate mortgage can particularly be a great option. However, an ARM with a low intitial payment could be a wiser way to lower your mortgage payments if you expect to move within the near future.

Getting Out some Cash

Are you refinancing primarily to “cash out” some home equity? Your home needs renovating; your daughter has gone to college and needs tuition; or you are taking your family on a cruise. With this in mind, you want to find a loan higher than the balance remaining of your present mortgage.So you need If you’ve had your current mortgage loan for a number of years and/or have a high interest mortgage, you might\could be able to do this without increasing your mortgage payment.

Debt Consolidation

Do you want to cash out some of your equity to consolidate additional debt? Excellent idea! If you have the home equity for it, taking care of other high interest debt (like home equity loans, student loans, or credit cards) means you can save possibly hundreds of dollars each month.

Switching to a Shorter Term Loan

Are you wanting to fatten up your equity faster, and pay off your mortgage loan more quickly? Then, you’ll want to find out about refinancing to a short term mortgage loan – like a fifteen-year mortgage program. You will be paying less interest and growing your equity faster, even though your monthly payments will likely be bigger than they were. But, you may be able to make the change without a bigger monthly payment if your long term loan was closed a while back, and the balance remaining is low. You may even make it lower! To help you understand your options and the many benefits in refinancing, please contact us. We are here for you.

Get the service you deserve

Our mortgage team members treat you right and give you the personal attention you deserve. I realize the big commitment you are making in purchasing a new home, refinancing a mortgage, or cashing out your home equity. So I make the following commitment to you: I will help you qualify, apply and be approved for the right mortgage loan for you.

The next step

Please navigate my website to learn who I am, how I will help you, and some simple steps to get started. Or, call me at (714) 349-8890 to chat with one of our mortgage professionals. I’m ready to help you today.

Bill Consolidation

Are you making the most of your home’s equity?

With rising home prices, you may have more equity in your home than you realize. Taking out a home equity loan to payoff credit card debt, car loans and other higher interest debts makes good financial sense.

Is it time to refinance?

The timing might be right to refinance your mortgage loan. New rates may help you significantly lower your monthly payment. Or you might want to “cash out” some of the built-up equity in your home, which you can use to consolidate debt,